5 Cheap Oil Stocks to Buy in 2022

2. Helix Energy Solutions Group, Inc. (NYSE:HLX)

Number of Hedge Fund Holders: 12  

Real-Time Share Price as of February 14: $3.97  

Helix Energy Solutions Group, Inc. (NYSE:HLX) is an offshore energy services firm. At the end of the third quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $4.6 million in Helix Energy Solutions Group, Inc. (NYSE:HLX), the same as in the previous quarter worth $4.7 million. 

On January 31, Piper Sandler analyst Ian Macpherson upgraded Helix Energy Solutions Group, Inc. (NYSE:HLX) stock to Overweight from Neutral and raised the price target to $5.6 from $4.5, noting that higher energy prices will benefit the stock in the near-term.